Australia's Northern Territory Chooses Jemena To Build Gas Pipeline
The 622-kilometer (386-mile) pipeline, scheduled to be completed in 2018, will run between Tennant Creek in the Northern Territory and Mount Isa in Queensland, Reuters said.
Armour Shareholders Say Yes To McClendon's $130 Million Deal
Having received shareholder approval for American Energy Partners’s US$130 million farm‐out in Australia, the Oklahoma City-based company's proportional bid for 13.62% of each Armour share priced at 25 cents will now proceed.
Australia's Santos Will Cut 200 Jobs
Majority of 200 jobs to be cut will be in the Adelaide headquarters. Recently, 565 jobs were cut. Santos is streamlining eastern Australia business, including Cooper Basin operations, Reuters said.
EIA Sees Tighter 2016 Oil Market As Demand Accelerates
Total world supply is expected to rise to 95.98 million barrels a day (bbl/d) in 2016, 0.1% less than forecast last month.
Woodside Will Not Raise US$8.2 Billion Bid For Oil Search
Oil Search rejected proposed all-share offer from Australia's biggest oil and gas producer in September, saying offer undervalued LNG stake and gas exploration assets in Papua New Guinea, Reuters said.
Australia's Gladstone LNG Readies Cargo Delivery To Kogas
Early cargoes from Gladstone LNG will be sold on a spot basis until long-term delivery contracts for majority of output become effective after commissioning period, a Santos spokesman told Reuters.
Transerv Energy Hits Gas In Perth Basin's Warro Field
Transerv executive director Stephen Keenihan described the results as outstanding because they extended the known parameters of the gas at Warro, both at depth and laterally.
Market Participants: Shell’s Arrow Could Sell Gas To BG’s Queensland LNG Plant
Australian Competition and Consumer Commission said many market participants are concerned takeover might lead Shell's Arrow Energy to sell gas into BG's Queensland Curtis LNG plant for export, Reuters reported.
Entek Energy Provides Update On Niobrara Operations
The State 15-8 well was spudded Sept. 8 on the Battle Mountain, Wyo., area of mutual interest. The vertical test well targets formations below the Niobrara within interpreted structural closure.
Australia's Armour Rejects Hostile Takeover Offer
Armour is on the verge of undertaking two potentially company making transactions which the company expects will unlock the potential of its asset base and position in the Australian gas market.